Manager, Risk Management

Related Companies; New York (NY); On-site; USD 125,000 - 160,000; Full time

Job summary

Related Companies is seeking a senior risk management professional in New York to oversee insurance programs, analyze exposures, and coordinate with internal teams. The role requires experience across risk management, underwriting, and claims, plus knowledge of CRE insurance programs.

You will prepare policy summaries and support audits for development projects. The position offers a base salary in the $125,000–$160,000 range with a target bonus of 10–20%, reflecting market factors and

Qualifications

• 5–7 years of risk management, brokerage, underwriting or claims experience.
• Strong knowledge of Controlled Insurance programs, Builders Risk, Pollution and Professional Liability coverages.
• Designations CRIS, ARM, CPCU preferred.

Responsibilities

• Be key risk management resource for internal development and construction teams.
• Place and maintain insurance exposures; collect, compile and analyze data.
• Maintain program documentation for Controlled Insurance Programs.
• Prepare analysis of brokers’ marketing efforts and quotations.
• Maintain insured schedules and provide detailed policy summaries to lenders and tenants.
• Review insurance docs for compliance with agreements and adequacy.

Skills

Risk management experience

Cross-functional collaboration

Analytical skills

Attention to detail

Education

Undergraduate degree

Tools

CRIS

ARM

CPCU

Job description

Responsibilities

• Be key risk management resource for internal development and construction teams
• Placement and maintenance of insurance exposures including collecting, compiling and analyzing underwriting and claims data
• Maintain program documentation for Controlled Insurance Programs
• Prepare analysis of brokers’ marketing efforts and multiple quotations
• Maintain named insured and additional insured schedules for all policies
• Develop detailed policy summaries for dissemination to lenders, tenants, and other third parties
• Review and analyze insurance documentation provided by contractors, joint venture partners and others for compliance with applicable agreements and/or adequacy
• Contract review as necessary or requested by management including reviewing leases, construction contracts and other contracts to ensure insurance provisions adequately protect the Company’s interest
• Maintain system of tracking detailed policy information for all policies and all years
• Oversee upstream and downstream certificates of insurance including document tracking
• Support claim administration including coordinating with claim personnel to generate loss history and claim summary reports as required for underwriting purposes
• Assist in the coding, processing and dissemination of invoices to business units and verify timely payment
• Perform premium allocations for shared/blanket policies
• Prepare insurance cost projections and quarterly updates for proposed development projects and coordinate insurer audits for end of term premium adjustments
• Day-to-day troubleshooting and additional ad hoc requests as needed

Qualifications

• Undergraduate degree required
• A minimum of 5 – 7 years of relevant experience within risk management, brokerage, underwriting or claims management.
• Good understanding of mechanics of Controlled Insurance programs, Builders Risk, Pollution and Professional Liability coverages
• Construction Risk Insurance Specialist (CRIS), Associate in Risk Management (ARM), and Chartered Property Casualty Underwriter (CPCU) designations preferred
• Ideal candidate is a highly self-motivated person who thrives in a dynamic work environment and demonstrates a flexible and adaptable work style that responds quickly
• Takes ownership for decisions and is accountable for actions regardless of the outcome
• Superior organizational skills
• A mature professional with excellent judgment and interpersonal skills

Compensation

Anticipated base salary range: $125,000 – $160,000 with a target bonus of 10%-20%. Actual base salary within the anticipated range will be determined by several components including, but not limited to, the individual's experience, skills, qualifications, and market factors.

Overview

Formed in 1972, Related is the most prominent privately-owned real estate firm in the United States. Headquartered in New York City, the company has offices and major developments across the world. Related owns and manages a premier portfolio of assets valued at over $70 billion, including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side.

Related believes in investing in its talent and cultivates a positive, team-oriented environment where every voice is valued. Employees are encouraged to boldly take on new challenges, transcend the status quo, and demonstrate strong entrepreneurial spirit. In its relentless commitment to excellence, Related works to foster an innovative approach in its team members so that they can positively impact the communities in which they conduct business. Learn more about Related at www.related.com.

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